Wal-Mart, Fendi settle lawsuit
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From Times Staff and Wire Reports
Fendi, the Italian fashion group known for its monogrammed handbags and leather goods, settled a lawsuit with Wal-Mart Stores Inc. in which Fendi claimed that the world’s largest retailer sold counterfeit handbags and wallets in its Sam’s Club stores.
Wal-Mart agreed to pay Fendi an undisclosed sum in exchange for dismissal of the case, according to a statement by the companies. Bentonville, Ark.-based Wal-Mart also agreed to offer refunds to customers who bought the mislabeled products.
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